New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-29
CLOSING P.sTCS, OF B1Sr)v Sr)ItS
Bosrny Dot, %. "a
FRIDAY. Oct. 2S-r. N.

FRIDAY, Oct 2S-P. N.
Four more railroads to-day reported their gross earn
ngs for tho third October The aggregate OF the
four companies is S2l6,99. ssainst Sl'Sole IN tni'
week OF last ycar-a gain OF 3S073 or 2l9 per cent
Tho thirty four roads which now have reported lot t"o
thru week OF October give aggregate gross earnings VI
3gSl 572 against $2.s536l4 in the week OF Iooo-a
gain OF S42795S, ID per cent Ana these h2ureS i
clude of those OF the Eastern trunk lines "hcn
are reported he making the largest earnings In 'er
history but the reporting companies are situated IN
every other section of the country and many OF nen In
that section whore. according TO Chicaxo he"s nc1co
railway have existed for over four months "nich
only shows that Chicago prepared and printed Ia
Chicago papers for Stock Exchange consumption very
untrustwortby
The septenber report OF the Philadelphia and Reading
Railroad Company including the operations OF the Coai
aud Iron Company is printed below oHoweu py t"o re-
turns for months OF the companys hScai year. FOE
September TIE gain in gross earnings Is i"s per
cent on September. 1856. and tho gam ia
net earnings Is 1913 per cent. For the
ton months the gain III the gross earn
ings Is 1915 per cent and In the net IL IS LII
per The aggregate net earnings FOR tue last ton
months $9.s 1858. Under the reorganization scheme
when completed the cOmpabys absolute charges VIII 10
SGssjOi7 additional on irst second and thrd prefer
cnces II earned s2.400000; total charges before the
stock tg2sJ,Oi7 Hence IN the expired ten month' OF
the current year IT. net earnings have been si3oG3d IN
excess Of full yoss charges Calculating that tue net
earnings of each OF the remaining two months OF the
current yogr will equal those for The month OF Sepem-
bcr thu earnings wVl DO equal to per cent oil the
stock with surplus OF $Gos7o0 for the deferred in
The stock market day till after O'clock ruled strong
aud higher than yesterlsys best figures Before our
opening London with buoyant figures higher than
our last evenings closing Our market Openat excited
and higher In response with Europe notable buyer 10
Offset the effect OF the London prices tho local leading
bears selling orders all over the market under
which there reduction Of 81 per cent from the
opening figures quick recovery followed ana In SOHO
instances than early prices wore made Then FOL
lowed dulness Tho Missouri Kansas and Texas securi-
ties however ruled weak all the tine Tho report OF an
Intended receiver and default in interest payments
were repeated with vehemencs and the more positively
they were denied by the officials or tho company, tho
faster did the prices decline Operators iooket az 'he
recording tape OF prices rather than 70 onlcili hu
nonncements for the truh or falSty OF the rs
port 1t IL unfortunate for any class Of secuii
ties to be placed in that condition. but because it is
unfortunate makes the power OF bear attacks all Tue
moro successful Whlo the Missouri. Kansas sni Texas
securities early freely sold BY the "beaTs anu Inc
values thus REDUCED the Later sellers included some
OF the best investment houses In the street whether
thar, s tn no default in interest not and all the OH
c.als declare there Will not be- scare was successfully
insuguratod continued 10 the end OF business mo
fact that the word o. orcia- who beins aounianty
able to purchase q the "gooi' and per cent bsn,
wlcn any ul,posoi " $751; ."
not do so on raid. passe, for little value Ths was
blow No u the general market. and prepared II TO
Weld to auv pressure. The announcement taat the
Chs.apeasc aui ONO Railroad had gone into the
hands Of receiver, although onlS "asa conservative
measure" WAS blow No. Added To that at the proper
moment news agency gave the following 10 tho narsot
Chicago special The l-r. Ocem says: There Is some
thing Ia the nature o. alarm in Western hallway
circles. the report being circulated that or November
or November 10 something will happen to deprive all
,ho Western lines ccLtuns in this cty OF about 40 per
cent OF their revenues freight traffic. The matter
being investigated It Il learned tlIt tho burlington
rad 4, contemplating y rattle startling sop
that OF reducing its through freight rates
about 40 per beoS tbs present tarii The
various bur al leading 10 Que point excessive
competition. The Birliusoa Ia. for some uMe past
mad unusually light record In tao matter OF earn
inys tho earnings for tho OK August being small
beyond precedent General Manager II. -. stonc wont
as AMI conferred with the higher authorities there snl
now cone. tho Intelligence lhat general war on rates
IA 10 Dc made Whistler or not tho article appeared IN
me In,. Oc- the absiriy OF II clearly bears the ear
mark. Of NewYor. authorship It's not trie that the
Darlington earnas IN August were small beyOni all
precedent excepting ia Is IS. 1854 anl lSo5 Iat list
month Of August gave greater earnings than any
August IN tho history Of the company. Il mast 30
confessed that all the items named gave heavy
load for the market to carry, AMI tho more 30
when from under OF th"m fierce assault was
made on vaios. All tho niJgnuS's advances were list
and where tho fight for lover prices Was m1ie tho
nercesi. some Instances further declines OK 'aal
por cent were established But generally tae declines
from last evening do not exceed 4 per cent a2t IN the
case with Reading. where the fight was tue hottest
there 1, change In the dna figures. Result large
increase ia mo short Interest with steady closing
at about the lowest prices Of inc day.
Government bonds were dun and firm with the bids
for the s advanced Is por cent Anne Sed axe the clos
lug quotations: